GOV
Ordinance 71273
Chapter 99 Redevelopment Plan for the 4320-4330, 4350 and 4350R S. Kingshighway Blvd. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4320-4330, 4350 and 4350R S. Kingshighway Blvd. Redevelopment Area. This Board Bill will allow up to twenty years of tax abatement provided as follows: fifteen years (15) years of tax abatement based on 95% of the assessed value of the incremental improvements, followed by 5 years of tax abatement based on 90% of the assessed value of the incremental improvements. This Area includes unoccupied property which will be redeveloped for mixed-use.
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Overview
Session: 2020-2021
Board Bill Number: 142
Primary Sponsors: Carol Howard
Committee: Neighborhood Development
Effective: 02/27/2021
Sponsors:
Legislative History
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10/09/2020
First Reading
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12/04/2020
Second Reading
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12/11/2020
Perfection
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01/15/2021
Third Reading
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